GIC IPO Allotment Status of General Insurance Corporation of India

By | October 7, 2017
GIC IPO Allotment Status, GIC Allotment, General Insurance Corporation of India IPO Allotment Status, GIC Re IPO Allotment, Karvy IPO Allotment Status.

General Insurance Corporation of India IPO, General Insurance Corporation GIC Re IPO Detail

GIC IPO Allotment Status is now out on the official website. Investors who want to check the IPO Allotment Status of GIC Re can check it online. The allotment is available at the registrar’s website. General Insurance Corporation of India has launched the biggest IPO in the recent times. The state-run company came with a Rs 11,370 crore initial public offering. The company will raise money by selling 14.22% through this IPO. GIC’s IPO is the second-biggest IPO since Coal India, which had raised Rs 15,200 crore in October 2010. Investors all around India was very excited about this IPO and applied for it. Some long-term investors want this IPO to add to their portfolio and others want to make some quick profit during Diwali 2017. It seems that this IPO will be the hot favorite between both the long-term investors and the short-term investors. Investors must check the IPO Allotment status of General Insurance Corporation of India via online and telephone. Those investors who want to check the allotment online must read the below-given information. This site will help you find your allotment.

GIC Re IPO Allotment

Let’s check some of the details about the GIC IPO.

  1. Name of the company: General Insurance Corporation of India (GIC Re)
  2. IPO opening date: 11 October 2017
  3. IPO closing date: 13 October 2017
  4. IPO Allotment Date: 18 to 20 October 2017
  5. IPO price: Rs. 855 – Rs. 912
  6. Registrar: Karvy Computershare Private Limited
  7. Link to check allotment: https://corpreg.karvy.com/ipostatus/

The IPO of General Insurance Corporation of India was started on 11th October 2017 for the subscription. The last date to send an application for this IPO was 13 October 2017. The price band was set in the range of Rs. 855 – Rs. 912 per share and the retail investors were given the discount of Rs. 45 per share. Now as the subscription cum application process for this IPO is over. Investors are looking for the allotment status. The allotment will soon be available online.

General Insurance Corporation of India IPO Allotment Status

The allotment status can be seen on the Karvy website as Karvy is the registrar to the issue. The expected allotment date for this IPO will be on or around 18th October 2017. Investors should check the allotment status on or around this date. The allotment will be displayed on or around this date. www.greymarket.co.in will always give the official link of the allotment status here on this website. Investors need to check this website around the expected allotment date. We also welcome healthy messages on our website. If you have any questions or if you know anything which can be beneficial to the other investors then you can share it here on our website.

Check allotment now.

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11 thoughts on “GIC IPO Allotment Status of General Insurance Corporation of India

    1. Malathi V

      I have been allotted GIC Re Shares @ 867 after a discount of 45 from Highest of price band 912.
      Any guess for Listing Price? Experts please advise action on Listing day.

      Reply
  1. KAUSHIKI PADA CHAKRABARTI

    SUB: A REQUEST TO ISSUE SHARES OF REPUTED CONCERNS AT MINIMUM PRICES AT BSE/ NSE IN MAIN STREAM IPO.

    DEAR SIRS,

    MANY THANKS FOR YOUR SERVICES FOR THE BENEFIT OF THE SHAREHOLDERS.

    NOWADAYS MORE IPOS ARE COMING AND CERTAINLY IT IS A GOOD SIGN FOR INDIAN STOCK MARKET AS WELL AS INDIAN ECONOMY AS MANY COMPANIES ARE FOLLOWING LPG POLICY (PRIVATISATION, GLOBALISATION & LIBERALISATION). THERE IS NO DOUBT THAT SENSEX & NIFTY IS A YARDSTICK OF INDIAN ECONOMY.

    BUT THE PROBLEM LIES WITH THE PRICE BRAND OF THE IPOS. THE GREEDY PROMOTERS ARE GOING TO TAKE THE ADVANTAGES OF BOOMING IPO MARKET AND SO FIX UP A HIGH PRICE BRAND FOR MAKING HUGE PROFITS. SO THERE MUST BE SOME RULES AND REGULATIONS TO RESTRICT THE IPO PRICE AS MORE NEW INVESTORS ARE COMING INTO INDIAN STOCK MARKET ONLY THROUGH IPOS.

    SO SOME RULES AND REGULATIONS MUST BE INTRODUCED TO MAKE A CAP OVER THE IPO PRICE, AS INVESTMENT IN IPO IS SAFE THAN SECONDARY MARKET AND ONE OF THE BEST WAY OF INVESTMENT.

    ACCORDING TO ME, INVESTMENT IN AN IPO IS ONE OF THE BEST WAY TO ERADICATE INCOME INEQUALITY IN OUR SOCIETY AND ALSO IT SUPPORTS THE TRICKLE DOWN THEORY OF ECONOMICS.

    MOREOVER, AS MOST OF THE COMMON PEOPLE CAN’T FOLLOW THE SECONDARY MARKET PROPERLY DUE TO LACK OF ACCURATE KNOWLEDGE, EXPERIENCE, EXPERTISE AND TIME, THEY INCUR LOSSES. NOW IPOS GIVE THEM A CHANCE TO RECOVER SUCH LOSSES.

    LAST BUT NOT THE LEAST, NEW INVESTORS ARE COMING INTO THE EQUITY MARKET ONLY THROUGH IPOS AND CERTAINLY IT IS A VERY GOOD SIGN FOR AN EMERGING ECONOMY LIKE INDIA. NOW THE PROMOTERS OF THE COMPANIES SHOULD GIVE THEM AT LEAST SOME CHANCES TO GET SOME LISTING GAINS.

    ON BEHALF OF THE SMALL INVESTORS. I, WOULD, THEREFORE REQUEST THE FORUM MEMBERS AND ADMIN TO LOOK AFTER THE MATTER SERIOUSLY.

    I AM LOOKING FOR YOUR EARLY & POSITIVE ACTIONS.

    THANKS & REGARDS,
    K P CHAKRABARTI

    N.B. THE CENTRAL GOVT. HAS ALREADY TAKEN DECISIONS OF MAKING IPOS OF 2 LARGE PSUS- LIC & BSNL IN 2015. BUT AFTER THAT, NO ACTIONS HAVE BEEN TAKEN. SO PLEASE TAKE IMEDIATE STEPS REGARDING THIS MATTER.

    Reply
  2. Mamatosh Sasmal

    Where and when the allotment status of gic re ipo will be found

    Reply
  3. NEERAJ

    IHAD APPLIED 92 SHARES OF GIC IN RETAIL BUT FLL PRICE 912 , WHETHER I GET DISCOUNT OF RS45/-

    Reply

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